Energiser Investments Share Discussion Threads

[grupo guitarlumber] 22/11/2021 08:58

Consensus

Mean consensus BUY

Number of Analysts 18

Last Close Price 13,11 €

Average target price 15,95 €
Spread / Average Target 21,7%

High Price Target 18,00 €
Spread / Highest target 37,3%

Low Price Target 13,50 €
Spread / Lowest Target 2,96%

[grupo guitarlumber] 19/11/2021 09:25

rivieramm.com

19 Nov 2021by Rebecca Moore

GTT has been picked by Hyundai Samho Heavy Industries to design the cryogenic fuel tanks of two new LNG-fuelled container vessels

GTT has been chosen by its Korean shipyard partners to equip two liquefied natural gas (LNG) fuelled container vessels with its membrane containment technology.

The two vessels, each with a capacity of 15,600 containers, will be equipped with LNG tanks, each holding up to 12,800 m3 of LNG used as fuel. The tanks will be fitted with the Mark III Flex membrane containment technology, developed by GTT.

In addition to the engineering services and on-site technical assistance, GTT will assist the operator through every step of the first LNG-fuelled project: commissioning of the LNG tank, first LNG bunkering operations, as well as further specific LNG operations and maintenance of the vessels. GTT will also provide training for the crews, supported by its proprietary G-Sim training simulator, which replicates the future LNG operations of the vessels. GTT will also offer its HEARS emergency response service with 24/7 technical assistance.

GTT will fit these vessels with its GTT Digital platform, a smart shipping solution to monitor and optimise the operational performance of the vessels and further reduce their energy consumption and environmental footprint.

Vessels deliveries are scheduled to occur between the fourth quarter of 2023 and the second quarter of 2024.

This comes on the back of news in October that GTT was chosen by South Korean shipyard Samsung Heavy Industries to design the cryogenic fuel tanks of six LNG-fuelled container vessels.

[waldron] 18/11/2021 13:21

ENGIE and Crédit Agricole Assurances acquire one of the largest independent renewable power producers in Spain

PowerWindOnshore

By NS Energy Staff Writer 12 Nov 2021

This acquisition will allow ENGIE to boost its presence in the fast-growing Spanish renewables market


ENGIE and Crédit Agricole Assurances are pleased to announce that they have reached an agreement to acquire from Canadian institutional investment manager, Alberta Investment Management Corporation, a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore wind and 78 MW photovoltaic) and a 1.2 GW pipeline of renewable projects.

This acquisition will allow ENGIE to boost its presence in the fast-growing Spanish renewables market and enable the Group to accelerate its growth in the sector and reach its target of 50 GW of renewable capacity by 2025.

The country’s National Energy Climate Plan, one of the most ambitious in Europe, targets 32% of renewable consumption by 2030 (compared to 20% in 2020) with 55 GW of additional renewable capacity planned and full decarbonization of the electricity sector by 2050.

Fully in line with Crédit Agricole Group’s commitments in favor of the climate, Crédit Agricole Assurances is continuing its commitment to a low-carbon economy through its investments in the energy transition. This acquisition will contribute to its objective of doubling its investments in renewable energies to enable, over time, an installed capacity of 11 GW, i.e. the average energy consumption of four million households per year.

In addition to ENGIE’s current 2.9 GW renewables portfolio in Iberia which includes the 1.7 GW hydroelectric portfolio the Group acquired from EDP in Portugal in 2020, this deal is another major step. It supports ENGIE’s ambition towards creating an integrated renewables platform in Iberia with complementary technologies while consolidating its existing partnership with Crédit Agricole Assurances.

Operating assets will be 40% owned by ENGIE and 60% by Crédit Agricole Assurances while ENGIE will develop and build the pipeline of projects. ENGIE will provide a complete range of services (O&M, Asset Management, Energy Management and Development services) for the full asset scope. Thanks to this acquisition, ENGIE will contribute to avoiding 726,000 tons of CO2 emissions each year, a figure set to increase through further development of wind and solar assets, allowing ENGIE to reinforce its commitment towards the environment.

The acquired assets benefit from a regulated scheme ensuring predictability of returns for the next ten years. The deal will have a €0.4 billion net financial debt impact for ENGIE.

Catherine MacGregor, ENGIE CEO, said: “This acquisition of Eolia Renovables, one of the largest renewable players in Spain, is fully in line with our strategy which is to accelerate our investments in Renewables in our key markets while bringing our industrial and energy management expertise. The transaction will also allow the Group to support Spain in reaching its ambitious renewables and decarbonization goals.”

Philippe Dumont, Crédit Agricole Assurances CEO, said: “This new investment alongside our partner ENGIE will help Crédit Agricole Assurances to strengthen its presence in the energy transition. This acquisition is a new step further in our commitment to helping fight climate change, contributing to our objective to double our investments in renewable energies and reach a 11 GW installed capacity by 2025.”

Completion of the transaction is expected by Q1 2022, subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities.

Source: Company Press Release

[waldron] 18/11/2021 09:58

Source: ENGIE | 4 hours ago

ENGIE completes the acquisition of Xina Solar One a 100MW Concentrated Solar Power plant in South Africa

ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power plant, as well as a 46% of the Xina Operations & Maintenance Company (Pty) Ltd



JOHANNESBURG, South Africa, November 18, 2021/APO Group/ --

ENGIE (ENGIE.com) is pleased to announce that it has completed the acquisition of Abengoa’s indirect stake in Xina Solar One (Pty) Ltd. Following completion of the transaction, ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power (CSP) plant, as well as a 46% of the Xina Operations & Maintenance Company (Pty) Ltd.

The Xina Solar One plant, located at Pofadder in the Northern Cape, provides approximately 400 GWh of clean, sustainable and dispatchable electrical energy to 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant uses parabolic trough technology to generate renewable, sustainable and dispatchable power from the sun. Furthermore, this power plant features a thermal energy storage system that uses molten salts to store the necessary energy for a further 5½ hours supply, and thereby assists in meeting the South African peak demand.

Xina Solar One, which started commercial operation in August 2017, is one of the country’s first solar thermal power plants designed with thermal storage which allows the plant to operate during peak hours when there is a higher demand for electrical energy.

Through this acquisition, ENGIE is pleased to reinforce its commitment to be a reliable, responsible and ethical long-term investor in South Africa’s electricity supply industry

With this acquisition, ENGIE will have a total installed capacity of 1,320 MW in South Africa and consolidates its position as a major IPP player. The Group is present in the country with around 520 employees in electricity production, engineering and energy solutions.

“The acquisition of Xina Solar One supports our 2045 net zero carbon ambitions by contributing to a global target of 50 GW of installed renewable capacity by 2025 and 80 GW by 2030”, commented Mohamed Hoosen, ENGIE Managing Director, Renewables for Asia, Middle East & Africa.

“Through this acquisition, ENGIE is pleased to reinforce its commitment to be a reliable, responsible and ethical long-term investor in South Africa’s electricity supply industry. The partnership with Abengoa will deepen our ability to expand local skills and expertise in solar thermal generation”, says Desnei Leaf-Camp, new CEO of Xina Solar One.

In South Africa, in addition to Xina Solar One, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa).

Co-shareholders on Xina Solar One include the Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu solar thermal project (20%); Industrial Development Corporation, a development finance institution wholly-owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%).

“Abengoa along with the other partners IDC, PIC and the Community Trust are extremely proud of the technical achievements at Xina Solar One and considers ENGIE’s commitment the best fit for a long-term investor in South Africa”, says Javier Payan, Chief Financial Officer of Abengoa South Africa.

Distributed by APO Group on behalf of ENGIE.

[gibbs1] 18/11/2021 01:14

UBS on Wednesday raised its price target on Engie from 15.5 to 16.5 euros, while maintaining its buy recommendation on the stock.

[waldron] 15/11/2021 07:52

Engie: Morgan Stanley remains overweight with a target raised from 17 to 18 EUR.

[waldron] 12/11/2021 06:03

Goldman Sachs is positive and recommends the stock to buy.

The price target is revised upwards from 16.00 EUR to 17.10 EUR.

[waldron] 11/11/2021 18:03

Engie: the stock in the green, a broker raises its target
11/11/2021 | 16:38

Engie rose by more than 1% in Paris, benefiting in particular from an analysis by Oddo BHF, which maintained its 'outperformance' rating on the stock, with a price target raised from 16 to 17 euros.

As a result, Oddo in turn revises its forecasts and now expects a 2021 EBITDA of 11 trillion (vs. 10.4 trillion), an EBIT of 6.3 trillion (vs. 5.7 trillion) and an RN of 3.1 trillion (vs. 2.6 trillion).

And these increases in objectives could continue on the occasion of the publication of the annual results on February 15 with the taking into account of the new market prices captured by the group.

[gibbs1] 11/11/2021 06:54

Engie Colombia, the local subsidiary of French developer Engie, has inked an agreement to acquire a 76MW solar park in the country, marking its entrance into Colombia’s renewable market

[grupo guitarlumber] 10/11/2021 19:33

Engie Nears Deal to Buy Spanish Renewables Producer Eolia

Francois de Beaupuy and Dinesh Nair, Bloomberg News


(Bloomberg) -- A consortium led by French utility Engie SA is nearing a deal to acquire Eolia Renovables de Inversiones SCR SA, a Spanish renewable power producer owned by Alberta Investment Management Corp., said people with knowledge of the matter.

An agreement is set to be announced as soon as Wednesday, the people said, asking not to be identified because the information is private. The sale price could be above 2 billion euros ($2.3 billion), local media including the Expansion newspaper have reported.

A representative for Engie declined to comment, while spokespeople for AIMCo. and Eolia didn’t immediately respond to requests for comment.

Demand for renewable energy assets has soared in recent years, with infrastructure funds and strategic investors spending billions of dollars to gain exposure to the sector as governments promote low-carbon energy and crack down on fossil fuels to fight global warming. The value of deals involving alternative energy companies has more than doubled this year to an annual record of $92 billion, according to data compiled by Bloomberg.

Eolia develops, builds and operates wind farms and solar photovoltaic plants, with a portfolio of 824 megawatts in Spain, according to the company’s website. The acquisition fits Engie’s strategy of accelerating in renewables, and energy infrastructure such as district heating and electric-car charging networks.

The transaction will also reinforce its presence in Spain, where Engie and financial partners bought a portfolio of hydropower assets from EDP-Energias de Portugal SA for 2.21 billion euros last year.

To help fund its priorities, Engie announced last week that it that it agreed to sell its energy-services business Equans for 7.1 billion euros to French construction conglomerate Bouygues SA. The power and gas utility already sold most of its holding in French water company Suez SA a year ago, and an interest in its French gas-transmission network in July.

Separately, Engie raised its guidance for full-year revenue and profit on Wednesday, citing a strong operational performance and “external tailwinds” amid a surge in gas and power prices.

“We have maintained our focus on robust operational performance, notably for our nuclear generation, we have increased production from renewables, and recovered significantly from last year’s Covid impacts,” Chief Executive Officer Catherine MacGregor said in a the statement.



(Updates with details of Eolia’s operations in sixth paragraph.)

[waldron] 08/11/2021 23:15

Bouygues buys Engie Regeneration in Equans deal

Aaron Morby 56 mins ago



French construction conglomerate Bouygues has bought the Equans services arm of fellow French-owned energy giant Engie for €7.1bn.



The Equans operations will be combined with Bouygues’ Energy and Services (E&S) division.

Both operate substantial businesses in the UK paving the way for the creation of a major energy services operation employing over 16,000 staff.

The multi-technical services sector notably covers electrical engineering, HVAC, refrigeration, mechanical engineering, robotics, digital, telecoms networks and facilities management.

It is a strong growth potential market, forecast to grow by between 3%-4% over the next five years.

In the UK and Ireland, the rebranded Engie Services business is presently the larger of the two operations enjoying revenue of over £2bn.

Equans’ activities cover a host of areas from technical services, facilities management, construction and regeneration and renewables, employing 13,500 staff – a significant part of the overall new global operation.

Engie Regeneration, which original came from the former Keepmoat business, turned over £623m last year, but booked significant losses of £77m blaming the pandemic and discontinued businesses. The firm employs 2,800 staff.

Bouygues E&S Solutions is a smaller UK operation employing around 2,700 staff with revenue of £250m.

Martin Bouygues, Chairman of Bouygues, said: “The signing of a purchase agreement with Engie to acquire Equans is very good news.

“It paves the way for us to create a new global leader in multi-technical services, with strong roots in France. We will extend a warm welcome to the 74,000 Equans employees, who will be joining a group with a reputation for strong ethical values and high-quality labour relations. ”



Aaron Morby

Written by Aaron Morby
56 mins ago

[e-mail]
always off the record

[ariane] 04/11/2021 11:46

worldoil.com



Nord Stream 2 may take months to untangle European red tape

By Patrick Donahue and Dina Khrennikova on 11/4/2021

(Bloomberg) --Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch.

The Baltic Sea project -- which has raised concerns over the Kremlin’s control of energy supplies to the continent, including among Germany’s Greens -- is complete and awaiting certification from national and European Union authorities. Russian President Vladimir Putin has pledged to step up gas supply, and has said Nord Stream 2 can be activated “the day after” regulatory sign-off.

However, the pipeline might not be approved until May if regulators use all the time they’re allowed. Whether the bureaucrats would be willing to accelerate the process if Europe’s energy woes intensify remains to be seen.

Soaring energy prices coupled with below-capacity deliveries in recent weeks have prompted accusations from European officials that Russia is curbing supply to pile pressure on authorities to grant certification for the new link.

The political dial is unlikely to move much. The German government under outgoing Chancellor Angela Merkel has been steadfast in its support for the project over the objections of the U.S. and some European Union partners, as well as Russia’s neighbor Ukraine.

With Olaf Scholz, a Social Democrat whose party has firmly backed the pipeline, seeking to form a new government to succeed her, a shift in policy is not on the horizon.

Still, the Greens, the second-largest political force negotiating for a coalition, have long opposed the project. Co-leader Robert Habeck, who will play a leading role in any new government, on Wednesday reinforced the party’s calls for the pipeline to adhere to EU rules and accused Russia of using the project as a tool for blackmail.

“If you ask me if Nord Stream 2 should be allowed to go online, I would say only if all European rules are adhered to,” Habeck said in an interview with Deutschlandfunk radio. “I wouldn’t see that as being the case right now and would doubt that.”

Here’s a look at what to expect:

German Approval

Germany’s Federal Network Agency has until Jan. 8 to issue a draft decision on certification, the end of a four-month window after the paperwork was submitted to German authorities.

Approval appears to be a foregone conclusion after the Economy Ministry in Berlin issued an assessment last month saying that Nord Stream 2 poses no risk to the energy supply of Germany and the EU.

EU Finding

The draft decision will then be handed over to the European Commission for review, particularly on whether the pipeline meets EU rules stipulating that the gas-transport business is separate from production and sales -- a process known as unbundling.

A group of senior European Parliament lawmakers wrote a letter to EU Energy Commissioner Kadri Simson last month warning that Nord Stream 2 doesn’t conform with unbundling requirements. They called for a “clear and robust” adherence to European energy rules, a point echoed by the German Greens’ Habeck.

But the Commission’s finding isn’t binding, limiting the scope to halt the project. More likely is a delay. The EU has two months to reach a conclusion, which can be extended for another two months.

Only then can Germany’s regulator grant certification -- potentially putting Nord Stream 2’s starting date well into next year.

“If the German regulator allows supplies tomorrow, deliveries will begin the day after tomorrow,” Putin said in Sochi last month.

Political Backing

Opposition to the pipeline, particularly among eastern EU member states such as Poland, remains strong, and the government in Warsaw last month called on the Commission to launch a probe into possible market manipulation by Nord Stream 2 owner Gazprom PJSC.

The EU executive arm said it’s quizzing gas producers and suppliers as it examines “all allegations of possible anti-competitive conduct” to check whether current price increases are related to antitrust breaches.

A political demise of the project is all but ruled out. Merkel agreed in a declaration with the U.S. that Germany will take action if Putin weaponizes energy, but there is little intention in Berlin to shut down the pipeline.

Scholz is holding talks to form a government with the Greens and pro-business Free Democrats, both of which were outspoken opponents of Nord Stream 2 on the campaign trail. But as the largest party in the government, the SPD would almost certainly block any language in a coalition accord that would endanger the project.

[waldron] 03/11/2021 19:29

Nord Stream 2 Too Late To Alleviate Europe's Winter Gas Crunch

By Tsvetana Paraskova - Nov 03, 2021, 1:30 PM CDT

The controversial Russia-led natural gas pipeline Nord Stream 2 will likely get approval from German and EU regulators, but this approval could also likely come too late to ease the gas shortages in Europe this winter season.

German authorities have signaled that they would certify the pipeline, which is completed and awaits an operational license from Germany. But the German authorization, expected no later than January 8, 2022, will then need a review of the European Commission, which is non-binding but has to find whether the pipeline and its operation complies with EU rules.

The EU has two months to decide and another two months to stall a decision, which could push the first actual gas flows on Nord Stream 2 to well beyond the winter season in Europe, to May 8, Bloomberg's Patrick Donahue notes.

Some analysts and EU member states such as Poland accuse Russia of using gas and energy as a weapon to continue exerting influence on the European gas market. The Kremlin, Vladimir Putin, and all Russian officials deny those accusations.

Russia signaled last week it would start filling European storage sites once Gazprom completes the filling of the Russian storage. But Moscow also says that an immediate boost to supply for European customers would come as soon as German authorities approve the controversial Nord Stream 2 pipeline.

Putin told Gazprom's CEO, Alexei Miller, last week that as soon as the Russian gas giant completes filling Russia's underground storage by or on November 8, "I would like you to start consistent and planned work on increasing the amount of gas in your underground depots in Europe – in Austria and Germany," per the English translation on the Kremlin website.

Putin's apparent promises of more supply sank natural gas prices at the end of last week.

Early this week, however, natural gas prices at the key European and UK hubs surged again on Monday, after gas flows on the Yamal-Europe pipeline from Russia reversed the direction eastward instead of westward through Germany.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

[waldron] 03/11/2021 10:47

ENGIE : Deutsche Bank sticks Neutral
11/02/2021 | 01:22pm GMT


In a research note published by James Brand, Deutsche Bank gives a Neutral rating to the stock.

The target price has been raised to EUR 13.50 from EUR 13.

[adrian j boris] 03/11/2021 08:57

Engie plots Chilean wind farm

Published 03 November 2021 Last Updated 03 Nov 2021 03:49

Tags Renewables Latin America

Carmen Arroyo Nieto



Engie Energia Chile has begun the permitting process for a 173.6MW wind farm in the Chilean region of Los Lagos